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Note 15 - Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Derivatives Not Designated as Hedging Instruments [Table Text Block]

December 31, 2024

 
  

Notational or

 

Asset derivatives

     

Liability derivatives

 

(Dollars in thousands)

 

contractual amount

 

Statement of Financial Condition classification

 

Fair value

  

Statement of Financial Condition classification

  

Fair value

 

Interest rate swap contracts

 $89,964 

Other assets

 $5,486  

Other liabilities

  $5,486 

Interest rate lock commitments

  1,426 

Other assets

  24  N/A   - 

Total

 $91,390   $5,510      $5,486 

December 31, 2023

 
  

Notational or

 

Asset derivatives

     

Liability derivatives

 

(Dollars in thousands)

 

contractual amount

 

Statement of Financial Condition classification

 

Fair value

  

Statement of Financial Condition classification

  

Fair value

 

Interest rate swap contracts

 $86,995 

Other assets

 $5,591  

Other liabilities

  $5,591 

Interest rate lock commitments

  2,071 

Other assets

  35  N/A   - 

Total

 $89,066   $5,626      $5,591 
   

For the year ended

 

(Dollars in thousands)

Statement of Income Classification

 

2024

  

2023

 

Interest rate swap contracts

Fees and service charges

 $276  $387 

Interest rate lock commitments

Gain on sale of loans held-for-sale, net

  47   (3)

Total

 $323  $384 
Offsetting Assets [Table Text Block]
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
(Dollars in  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Assets Presented

  Financial  

Cash Collateral

     

thousands)

 

Recognized Assets

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Instruments

  

Received

  

Net Amount

 

December 31, 2024

                        

Interest rate swap contracts

 $5,486  $-  $5,486  $-  $5,120  $366 

Interest rate lock commitments

  82   -   82   -   -   82 

Total

 $5,568  $-  $5,568  $-  $5,120  $448 
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
(Dollars in  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Liabilities Presented

  Financial  

Cash Collateral

     

thousands)

 

Recognized Liabilities

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Instruments

  

Received

  

Net Amount

 

December 31, 2023

                        

Interest rate swap contracts

 $5,591  $-  $5,591  $-  $4,050  $1,541 

Interest rate lock commitments

  35   -   35   -   -   35 

Total

 $5,626  $-  $5,626  $-  $4,050  $1,576 
Offsetting Liabilities [Table Text Block]
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
(Dollars in  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Liabilities Presented

  Financial  

Cash Collateral

     

thousands)

 

Recognized Liabilities

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Instruments

  

Pledged

  

Net Amount

 

December 31, 2024

                        

Interest rate swap contracts

 $5,486  $-  $5,486  $-  $-  $5,486 

Total

 $5,486  $-  $5,486  $-  $-  $5,486 
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
(Dollars in  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Liabilities Presented

  Financial  

Cash Collateral

     

thousands)

 

Recognized Liabilities

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Instruments

  

Pledged

  

Net Amount

 

December 31, 2023

                        

Interest rate swap contracts

 $5,591  $-  $5,591  $-  $-  $5,591 

Total

 $5,591  $-  $5,591  $-  $-  $5,591